OPEC’s end will be a win for humanity and America — another Trump miracle
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OPEC’s end will be a win for humanity and America — another Trump miracle
OPEC’s stranglehold on the global economy is finally coming apart at the seams — thanks in large part to President Donald Trump’s efforts at home and abroad — and the result will be freer markets, long-term lower energy price and less debt slavery for developing nations.
On Tuesday, the United Arab Emirates, long frustrated with OPEC’s limits on its oil production, declared its intent to leave the consortium within days to be free to meet consumer demand for energy on its own terms.
This is great for consumers, because the production and price of oil should be set by global demand, not by the whims of kings and dictators.
OPEC began flexing its muscles after the 1973 Yom Kippur War, when it refused to sell oil to any nation that had supported Israel.
The ensuing oil shock saw prices triple, with........
